TruMid Adds Investment Grade Bonds to its Platform
Electronic corporate bond trading venue TruMid announced that it has added investment grade corporate bond trading to its electronic trading platform.
The platform now allows users to trade round lots across the spectrum of corporate debt, including US investment grade, high-yield and distressed. According to the New York-based company, investment grade makes up about two-thirds of corporate bond trading volume.
"We've been actively trading high-yield and distressed bonds for the past four months, and just did our first spread-based trades," said Josh Rubinson, head of Investment Grade at TruMid, in a statement.
"We received approximately
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